Real wages 2% lower ‘as result of Brexit’

A MEMBER of the Bank of England’s Monetary Policy Committee has said that real wages are more than 2% lower than they would otherwise have been due to the impacts of the Brexit vote. Dr Swati Dhingra, who is also a professor at the London School of Economics, said: “It’s undeniable now that we’re seeing a much bigger slowdown in trade in the UK compared to the rest of the world.”